---
title: "HSI still looking at 26200"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39917677.md"
description: "The Hong Kong stock market clearly lacks momentum. The Nasdaq has risen for ten consecutive days and is only slightly away from its historical high, while the Hang Seng Index is far from its high this year. With tensions easing in the Middle East and U.S. stocks rebounding strongly, the Hang Seng Index should follow and close above 26,200 today, further setting a new monthly high, with a monthly fluctuation of 2,000 points above 26,500. The northbound capital's style of selling on rallies makes it difficult for Hong Kong stocks to rise, as market funds are being diverted to new share offerings. There's little to look forward to at the moment. It would be good enough if it reaches 26,400 this week. The Nasdaq QQQ surged sharply last night and may touch the historical high of 635 this week..."
datetime: "2026-04-15T02:56:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39917677.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39917677.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39917677.md)
author: "[期权六艺](https://longbridge.com/en/profiles/25852913.md)"
---

# HSI still looking at 26200

The Hong Kong stock market clearly lacks momentum. The Nasdaq has risen for ten consecutive days, just a little short of its historical high, while the Hang Seng Index is far from its high this year. With tensions easing in the Middle East, U.S. stocks rebounded strongly. Today, the Hang Seng Index should follow and close above 26200, then set a new monthly high, with a monthly fluctuation of two thousand points above 26500. Northbound capital tends to sell on rallies, making it hard for Hong Kong stocks to rise, while market funds are being drained by new share offerings. It's difficult to have high expectations now. If it reaches 26400 this week, that would be good enough. The Nasdaq QQQ surged sharply last night and might touch its historical high of 635 this week. Could this drive Hong Kong tech stocks? There's still time for a positive outlook in April, targeting 26800 to 27000. This week, continued U.S.-Iran talks and the gradual resumption of shipping through the strait are also positive factors. The influence of Northbound capital is too large, which is not favorable for Hong Kong stock development. Compared to major East Asian stock indices in recent years, it lags behind. There was a time when the Hang Seng was at 30,000 and the Nikkei at 10,000. The Hang Seng Index has barely rebounded, only fluctuating within a range. There's no need to exaggerate its reaction. If it can't rise further today, we can only sigh and continue to watch the fire in U.S. stocks. The Hang Seng Index is flat while the VIX is as high as 21, but the U.S. stock fear index has already fallen back to 18. That's a characteristic of Hong Kong stocks. When Hong Kong stocks bounce, no one follows, and there's no rush to enter the market. Even the big players with ample funds are taking profits, waiting to buy back at lower levels. The A-share market influence is obvious. After seeing the Nikkei at 58,000, I'm dazed thinking this should be the Hang Seng Index, my eyes are playing tricks on me. Hang Seng Index option weekly straddle positions are moving up from 26300, but hoping for 26500 seems a bit wishful.$Hang Seng Index(00HSI.HK)

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